NCUA’s latest letter to credit unions (18-CU-01) provides an update on five board-approved Examination Modernization Initiatives designed to improve and modernize how the agency conducts examination and supervision.
The Federal Reserve published a Consumer Compliance Supervision Bulletin in July, which provides high level summaries of a variety of compliance issues, focusing mostly on fair lending risks and Unfair, or Deceptive Acts of Practices.
The NCUA conducted a recent webinar in which staff discussed how credit union employees can help their members maximize NCUSIF coverage. A CUNA CompBlog entry examines what agency staff say about various account types.
S. 2155 contains several provisions related to the Fair Credit Reporting Act directly impacting credit reporting agencies. Credit unions will experience changes in the way certain information is reported and/or restricted by credit bureaus.
CUNA compliance staff has updated its MLA fee comparison spreadsheet for the second quarter of 2018. CUNA launched this resource in October to help credit unions determine which fees are considered “reasonable and bona fide” under the MLA.
S. 2155 contains a provision designed to allow consumers easier access to online banking. While no guidance has officially been issued yet, changes could impact a credit union’s member identification policy.